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ImNotGod

(895 posts)
Wed Jun 18, 2025, 01:23 PM Jun 18

18 Dems bend the knee helping tRump pass his GENIUS Act creating a "super highway" for tRump corruption.

Eighteen Democratic senators crossed the aisle to vote for the legislation on Tuesday, siding with the Republican majority in the 53-47 Senate. Republican senators Josh Hawley and Rand Paul were the only members of their party to oppose the measure.

Elizabeth Warren, a Democratic senator from Massachusetts, has been among the most outspoken as the ranking member on the Senate banking committee, warning that the bill creates a “super highway” for Trump corruption. She has also warned that the bill would allow major technology companies, such as Amazon and Meta, to launch their own stablecoins.

The stablecoin legislation still faces several hurdles before reaching the president’s desk. It must clear the narrowly held Republican majority in the House, where lawmakers may try to attach a broader market structure bill – sweeping legislation that could make a second passage through the Senate more difficult. Trump has said he wants stablecoin legislation on his desk before Congress breaks for its August recess, now just under 50 days away.

https://www.theguardian.com/us-news/2025/jun/18/crypto-stablecoins-senate

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18 Dems bend the knee helping tRump pass his GENIUS Act creating a "super highway" for tRump corruption. (Original Post) ImNotGod Jun 18 OP
Solidarity for the win. Tetrachloride Jun 18 #1
And then, we wonder why Dems are bleeding support. jrthin Jun 18 #2
I just had to self-delete an OP because going with the flow seems the best course of action AStern Jun 18 #3
isn't this what David Hogg wanted to focus on? bcbink Jun 18 #4
Would be helpful to know who those 18 DINOs are but the Guardian article doesn't say. OMGWTF Jun 18 #5
This message was self-deleted by its author AZProgressive Jun 18 #6
DEMS receive nothing in return Falcon101 Jun 18 #7
Those 18 democrats should be held to account Dancingdem Jun 18 #8
I'm seeing 16 and 18 voted for it. Here's a list of 16 chowder66 Jun 18 #11
They are trying to get some regulations in there. chowder66 Jun 18 #12
Both of my CA senators MsLeopard Jun 18 #9
We should be stalling EVERYTHING that... BurnDoubt Jun 18 #10

AStern

(464 posts)
3. I just had to self-delete an OP because going with the flow seems the best course of action
Wed Jun 18, 2025, 01:52 PM
Jun 18

nt.

Response to OMGWTF (Reply #5)

Falcon101

(74 posts)
7. DEMS receive nothing in return
Wed Jun 18, 2025, 04:04 PM
Jun 18

I don't mind when DEMS vote in support of the GOP or even Trump but I expect them to receive something in return. That was how things were done at one time (I scratch your back, you scratch mine). But here they voted to insulate Trump's crypto scam and received nothing in return. The main tool the DEMS have to oppose the GOP is their vote and they just cannot use that tool effectively.

Dancingdem

(15 posts)
8. Those 18 democrats should be held to account
Wed Jun 18, 2025, 04:11 PM
Jun 18

This is disgusting. Elizabeth Warren is an expert in the financial field. Why would they vote FOR corruption? Ohhhh, the money they must recieve from their "real" constituents
Never mind

chowder66

(11,014 posts)
11. I'm seeing 16 and 18 voted for it. Here's a list of 16
Wed Jun 18, 2025, 04:31 PM
Jun 18

The industry-backed Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act passed a cloture vote, with support from Sens. Kirsten Gillibrand (D-N.Y.), the original co-sponsor of the bill, Angela Alsobrooks (D-Md.), Ruben Gallego (D-Ariz.), Mark Warner (D-Va.), Lisa Blunt Rochester (D-Del.), Catherine Cortez Masto (D-Nev.), Ben Ray Luján (N.M.), Adam Schiff (D-Calif.), Cory Booker (D-N.J.), Elissa Slotkin (D-Mich.), John Fetterman (D-Pa.), Maggie Hassan (D-N.H.), Martin Heinrich (D-N.M.), Jon Ossoff (D-Ga.), Alex Padilla (D-Calif.), and Jacky Rosen (D-Nev.). The bill is now teed up for Senate debate.
https://www.commondreams.org/news/senate-democrats-genius-bill-advance

Here is an article behind some of the thinking from both sides on the Democratic side.

But other Democrats see this is a rare chance for Congress to get ahead of an issue, arguing they can’t afford to wait until they win back power in Washington to act — especially with how quickly technology moves.

“I think every politician will say this. It’s the same thing about any industry that they don’t like or understand,” Sen. Ruben Gallego, D-Ariz., who supports the GENIUS Act, told NBC news in an interview.

Democrats clash over crypto behind closed doors

The GENIUS Act now heads to the House, where the Democratic divide over cryptocurrency — which can often fall along generational lines — came to a head during a private meeting last week attended by House Minority Leader Hakeem Jeffries, D-N.Y., other Democratic leaders and committee ranking members, according to three sources who were in the room and a fourth source who was briefed on the meeting.

snip

https://www.nbcnews.com/politics/congress/democratic-divisions-emerge-congress-tackles-crypto-regulation-rcna212886

BurnDoubt

(864 posts)
10. We should be stalling EVERYTHING that...
Wed Jun 18, 2025, 04:30 PM
Jun 18

doesn't move our agenda forward. Make them work for every bill and go on the record for their Evil deeds. It's all we've got for now. So least we could TRY to highlight the contrast, and not look like MAGA-lite.

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